Giving Compass' Take:
- H. Art Taylor calls attention to the need for foundations in the U.S. to interrogate their board diversity practices amid calls for racial justice throughout the country.
- How can funders garner more support and awareness for meaningful change regarding diverse boards and governance?
- Read more about board best practices.
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Given the current state of affairs in America regarding racial diversity, equity and inclusion, I feel compelled to issue a call to action to many American foundations to change the composition of their governing boards to reflect the diversity of the country.
Citing the 2017 BoardSource report Leading With Intent, Mission Investors Exchange notes that "Of the 111 private foundations surveyed, 85% of the total number of board members at their organizations were white, and 40% of foundation boards were 100% white."
I find these figures especially stunning now when the nation is attempting to grapple with issues of racial diversity, equity and inclusion at all levels in our society. The lack of diversity on too many foundation boards is a stark reminder of the tenacity of America's white power structure.
I could list many reasons why these boards would be better off if they reflected the diversity of the country. However, by the very nature of their works as "philanthropists," they know all too well its advantages to our society, and yet they persist in their nose-thumbing exclusiveness. Alas, I can only conclude that it's not for lack of knowledge that their boards remain white but their unwillingness to alter organizational structures that have kept Americans of color out of rooms where power is exercised and resources are allocated. There are notable exceptions worth emulating.
The Chicago Community Trust is a shining example of the positive effects a diverse board has on an organizations' direction and grant-making. Its diverse board and staff have made a strategic plan for eliminating race-based economic disparities in the region. It notes that by doing so, the region will be an estimated $4 billion richer. To accomplish this it is working with a diverse set of partners who are closely connected to the community.
Read the full article about board diversity by H. Art Taylor at Forbes.